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Internet and World Wide Web pioneers Sir Tim Berners-Lee, Robert Kahn, Vint Cerf, and Louis Pouzin were all present for the awards ceremony, while Marc Andreessen will receive his trophy in the USA.

During the event, Her Majesty expressed her support for engineering and the prize.

The IET has also endorsed this £1 millon initiative, which it hopes will encourage more young people to consider a career in engineering.

IET president Professor Andy Hopper said: “Most importantly to me, this prize is about showing off the best of the best and reminding society that world-changing innovations are so often born inside the minds of engineers.

“The IET warmly welcomes the Queen Elizabeth Prize for Engineering and congratulates this year’s winners. My hope is that this prize will, in the years ahead, become one of the most revered and respected prizes in the world.

“The Queen Elizabeth Prize for Engineering has the potential to be a real game-changer in terms of raising the profile of engineers and engineering. In this country, there is still a general lack of awareness of how engineering underpins people’s everyday lives, as well as being a bedrock of the UK economy. This prize is a big step in the right direction to putting that right.”

According to research by Engineering UK, between 2010 and 2020, engineering companies are projected to have 2.74 million job openings across a diverse range of disciplines. However, only 20 per cent of 12 to 16-year-olds are aware of what engineering is.

To celebrate excellence and research in the engineering sector and encourage the next generation of engineers and technicians, this year the IET has invested over £2 million in awards, prizes and scholarships.